Circle deploys USDC on Layer 2 networks OP Mainnet and Base

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By BitcoinWiki News

Key Takeaways:

– Stablecoin issuer Circle has deployed USDC on Layer 2 blockchains OP Mainnet and Base
– Businesses can now directly use on/off-ramps for USDC on these networks by connecting their accounts with Circle
– Previously, stablecoin transactions on these networks would have had to be bridged through the Ethereum network
– OP Mainnet and Base are Layer 2 networks designed to scale Ethereum applications
– They make use of Optimistic Rollups and are developed using the OP Stack
– Native USDC supply on OP Mainnet is just under 25 million, while on Base it is 19.8 million
– Circle’s native USDC stablecoin is now available on a total of 11 blockchains, including Ethereum, Solana, Arbitrum, Polygon PoS, Tron, and Polkadot.


Stablecoin issuer Circle has announced that its USDC stablecoin is now available on Layer 2 blockchains OP Mainnet and Base, expanding its accessibility. Previously, users would have had to bridge stablecoin transactions through the Ethereum network, potentially incurring higher fees. OP Mainnet and Base are Layer 2 networks that make use of Optimistic Rollups and collectively host over $1 billion in total value locked. The amount of native USDC on OP Mainnet is just under 25 million, while on Base it is 19.8 million. With this expansion, Circle’s USDC is now available on a total of 11 blockchains, including Ethereum, Solana, Arbitrum, Polygon PoS, Tron, and Polkadot.

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